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News Releases

  • 2021/06
    Taiwan: CTCI Launches Covid-19 Rapid Testing to Better Protect Its Employees
    Due to the persistent Covid-19 pandemic in Taiwan and the decision to protect our employees, CTCI has officially launched a rapid testing program for over 5,000 employees across the group on June 15 by setting up a “healthy test station” at the CTCI headquarters.

    According to CTCI’s Group Coronavirus Prevention Center, the test station will be able to handle tests of 800 to 900 people daily beginning on June 15 and ending on June 18, with possibility of extension depending on the severity of the pandemic. Employees who live in pandemic “hotspots” are given priority to receive tests. This is a non-compulsory program; however, we expect that as many employees as possible will be tested.

    The testing program is CTCI’s latest measure to protect the health and work safety of all employees, in addition to the reroute, work shifts, and pandemic insurance which have been well in place.

  • 2021/06
    Taiwan: CTCI MAC Completes 48 Pin Piles for CFXD Offshore Wind Farm Significantly Ahead of Schedule
    CTCI Machinery Corporation (CTCI MAC), a CTCI subsidiary company, announced today that it has completed the manufacturing and passed acceptance inspection on completion of all 48 pin piles contracted for Changfang & Xidao (CFXD) Offshore Wind Farm Phase 1 in Taiwan, one and half months ahead of schedule. Thanks to CTCI MAC’s efficient and quality work, the CFXD Project is on track to begin marine work this June and complete first-phase offshore turbine installation by June 2022. The CFXD Offshore Wind Farm in total will have a capacity of 600 MW providing green energy enough to power 600,000 Taiwanese households.

    Yun-Peng Tan, CTCI MAC Chairman, says: “It takes careful planning and trial manufacturing to provide such large number of pin piles in a short timeframe. We used multiple submerged arc-welding machines simultaneously to greatly cut manufacturing time. We have earned praise from the client for our efficient and quality work, and are confident to deliver the second-phase pin piles on schedule and with impeccable quality, thanks to the mature skills and experiences that we now have.”

    “CFXD is the first offshore wind farm in Taiwan that fully sources its pin piles from local companies,” says Marina Hsu, Managing Director at CI Wind Power Development Taiwan, the developer of CFXD Project. “CTCI MAC’s performance is simply remarkable.”

    According to Dennis Sanou, CEO of CFXD Offshore Wind Farm, “CTCI MAC has set an important milestone for the offshore wind power development in Taiwan by completing pin piles ahead of schedule. It means that this new supply chain has been able to speed up their learning curve from orders that enjoy economies of scale.”

    CTCI MAC is responsible for the manufacture of 117 among 186 pin piles in the 600-MW CFXD Offshore Wind Farm, which will see 62 offshore wind turbines. Once the wind farm fully comes online in 2023, it will generate renewable energy enough to power 600,000 households in Taiwan, helping the nation come a step closer to its energy transition goal.

    Besides the 48 pin piles completed in this project so far, CTCI MAC has previously completed transition pieces for Yunlin Offshore Wind Farm.

  • 2021/05
    Taiwan: ECOVE Issues $1 Billion Corporate Green Bonds to Finance Carbon-Reduction Power Projects
    ECOVE, a subsidiary of CTCI Group focused on resource cycling businesses, has announced the launch of a five-year maturity TWD $2 billion debenture program in Q1 2021, including TWD $1 billion in the form of green bonds. The debenture is expected to be issued by late May.

    With favorable coupon rates, subscription for ECOVE’s first-ever bond issuing is eager due to the support of major financial institutions. Total bidding figure amounted to TWD $6.8 billion, drawing an oversubscription of 300%. This is a sign of recognition from investors on ECOVE’s stable performance and green investments.

    The financing from the debenture program will help ECOVE lower its mid- to long-term capital costs and interest rate risks, as well as contribute to ECOVE’s renewable energy and carbon-reduction projects.

    The green bond capital will be solely used for the investment, development, and setup of solar power plants. Performance indicators will be released one year following bond issuance. The capital is expected to be used to build 25 MW solar power plants capable of generating 28.7 million kWh, or equivalent to 14,630 tons in carbon reduction.

    ECOVE is a resource cycling company with three core business fields: waste management and incineration, renewable energy, and recycling and reuse. Among its renewable energy business, ECOVE has installed more than 114 MW of solar capacity worldwide and has been entitled to develop 96 solar power plants. The company lives by its company-wide CSR mission to implement ESG responsibilities, and is also the world’s first company that received BS 8001 circular economy certificate.

    Based on the spirit of “Most Reliable” and “Every Resource Counts,” ECOVE will continue to dedicate to improving resource cycling efficiency and treasuring every single resource through integrated management, intelligent systems, and data analysis, bringing a better future to the world.

  • 2021/04
    Taiwan: Fulfilling ESG Responsibilities through Company-Wide CSR Engagement—Closing Ceremony of the Group’s CSR Event Successfully Concluded
    The closing ceremony of “Exhibition for Total Participation CSR Excellence Practices” had been successfully held at the 1st floor lobby of CTCI headquarters on Apr. 28.

    The event was attended by over 100 CTCI supervisors, colleagues, and guests, including Eugene Chien, Chairman of CTCI EF and Taiwan Institute for Sustainable Energy (TAISE); Young Ku, Chairman of TAISE; Yeong-Ren Chen, Secretary General of Center for Corporate Sustainability; Yu-Pin Lin, Secretary General of CTCI EF; Jackie Pin-Chih Wang, advisor at CTCI EF; Juliette Hsu, Deputy General Manager at Environmental Science Technology Consultants Corporation.

    At the opening address, CTCI Group Chairman John T. Yu stated that the Group has launched a one-month CSR event named "Exhibition for Total Participation CSR Excellence Practices" that encompasses a series of online/offline activities to raise employees' awareness on corporate social responsibilities (CSR), its relation to environmental, social, and governance (ESG) dimensions, and the Sustainable Development Goals (SDGs) developed by United Nations. The end goal is to allow colleagues to become better aware of CTCI’s achievements in CSR, and learn that everyone is part of the efforts by dedicating to day-to-day duties. He also expected that all group colleagues will continue pursuing sustainability and innovation by caring for ESG with company-wide CSR engagement.

    Following that, CTCI EF Chairman Eugene Chien remarked that under the support of CTCI’s top management and joint efforts of all staff, CTCI has sustained top-notch CSR performance globally as it has enrooted CSR into its corporate culture. Chairman Chien mentioned that by implementing “CSR Moment,” a 5-minute presentation shared before meetings are formally convened, every CTCI member is literally a sustainability ambassador, facilitating sustainable management of the company.

    At the ceremony, winners for “CSR Micro Film Contest” and “CSR Moment Contest” were presented with prizes from EXCO members and guests. As the ceremony coming to a close, a lucky draw for CSR online challenge was conducted. With this CSR event, we hope to bring more colleagues to engage in CSR by fulfilling ESG responsibilities, and realize the Group’s sustainability vision of Guarding the Earth with Constant Innovation in Green Engineering.

  • 2021/04
    The US: CTCI Opens New Office in Arizona to Provide Semiconductor EPC Services
    Taiwan’s engineering, procurement, and construction (EPC) contractor CTCI announced today that it has set up a new office in Phoenix, Arizona to provide EPC services for a major Taiwanese semiconductor company.

    This is CTCI’s second subsidiary office in the USA, the other being in Houston, Texas. CTCI is now expanding its services scope to include high tech plant EPC, in addition to its existing hydrocarbon, power, resource cycling, and intelligent services. For this purpose, CTCI has now established a new business operations called Advanced Technology Facilities Business Operations (ATFBO) since early of this year.

    ATFBO will focus to deliver EPC integrated solutions for the semiconductors, communications, optics business, and computer & accessories segments.

    Since founding its subsidiary company CTCI Americas in 2010, CTCI has gained strong presence in the US market and securing key contracts for Formosa and Gulf Coast Growth Ventures (GCGV) project. CTCI’s office in Phoenix demonstrate our commitment to diversify the business growth opportunities in USA and deliver service excellence to our ATFBO customers.

  • 2021/03
    Taiwan: CTCI Cares for ESG with Company-Wide CSR Engagement
    CTCI launched a one-month event called “CSR Achievements Exhibition” at its headquarters in Taipei, Taiwan on March 31, 2021. The event will showcase CTCI’s performance on environmental, social, and governance (ESG) aspects. Also included in the event are a series of activities to raise employees’ awareness on corporate social responsibilities (CSR), and encourage their participation.

    With a vision of becoming a guardian of the Earth through sustainable, innovative, and green engineering, CTCI has for many years dedicated itself to global sustainability with its core competencies. Important achievements include:

    • Incorporated into Dow Jones Sustainability Emerging Markets Index for 6 consecutive years, number 2 in the global engineering sector.
    • A- in CDP climate change evaluation, or leadership level.
    • Level A in MSCI’s ESG evaluation.
    • Outstanding Professional in Global Corporate Sustainability Awards.
    • 18 Taiwan Corporate Sustainability Awards, including Top 10 Domestic Companies Sustainability Model Awards.
    • CommonWealth Magazine’s Excellence in Corporate Social Responsibility Award.

    The event was kicked off with a lighting ceremony attended by top executives of CTCI business operations and colleagues, followed by a fantastic short clip showing CTCI’s achievements.

    “CSR and sustainability issues now play a major role in company management,” says John T. Yu, CTCI Group Chairman. “CTCI’s goal is to become more competitive through CSR and make CSR part of our DNA. To do so, we continue to turn our four competencies— ‘green engineering, smart plant, resource cycling, and intelligent EPC’— into sustainable practices that are aligned to ESG aspects.”

    “Moreover, CTCI set up ESG Committee under the board last year (2020). Supervised by the Chairman of the Board and other board members, the President of CTCI Corporation is charged with the task to work with ESG task force to outline sustainable development strategies and action plans. Brand Management Department, or the CSR management unit, had its name changed to Sustainability & Brand Department as a sign to assume more responsibility in promoting sustainability. We will be ever more determined and committed to CSR,” Yu added.

    A series of fun activities to celebrate this event include: CSR Challenge, Most Popular CSR Microfilm Poll, Most Popular CSR Moment Entry Poll, and Sustainable Development Goals Photo Shots. These will serve as reminder to CTCI employees that they shall stay innovative and pursue sustainability at work.

  • 2021/03
    Taiwan: Partner with CTCI, Better Together: 2021 CTCI Global Supplier Meeting Successfully Conducted Online
    In hopes to collaborate with global partners to fulfill corporate social responsibility and exert collective al influences, CTCI held 2021 Supplier Meeting on the topic of “Partner with CTCI, Better Together” on March 25, 2021. This year, as a preventive measure for COVID-19 pandemic, the meeting was hosted online.

    Via this meeting, CTCI expects to build consensus and grow together with our suppliers in environmental, social, and corporate governance (ESG) aspects to attain sustainable development on a global scale.

    A total of 170 senior executives of 107 suppliers from Taiwan, China, Japan, South Korea, Vietnam, Singapore, Malaysia, the U.S., Germany, France, Italy, Saudi Arabia, and Oman, were invited to participate in the meeting online. CTCI Corporation President Todd Chen and Vice President of the Procurement Division Ting-Chuang Li were present at the meeting to welcome global suppliers. The senior managers specifically introduced CTCI’s policies on quality management, health, safety, and environment (HSE) management, procurement operation procedures, as well as future outlooks for supplier management measures.

    Also, an award ceremony was held to recognize outstanding performers with distinctive awards, ”Vendor of the Year” and “One Team,” offering CTCI’s sincere appreciation to their efforts and support to build shared consensus and even closer partnership.

    CTCI has been dedicating to corporate sustainability actions with contributions aligning with its core competencies in engineering services worldwide. It has been consecutively selected as a constituent of Dow Jones Sustainability Indices (DJSI). In 2020, for the first time in history, it has been selected as one of the “Best Taiwan Global Brands 2020” for exceptional brand performance. As a member of the global village, CTCI will continue refining supplier sustainability management practices and assist suppliers to enhance conducts in corporate social responsibilities fulfilment.

  • 2021/03
    Taiwan: CTCI and KHI Consortium Reached Storage Tank Roof Air-Raising Milestone at CPC’s Third LNG Receiving Terminal

    On March 11, 2021, CTCI Corporation (CTCI) and consortium partner Kawasaki Heavy Industries Company (KHI) successfully completed tank roof air-raising for the first LNG storage tank, with a capacity of 160,000 m3, at CPC Corporation’s (CPC) third liquefied natural gas (LNG) receiving terminal. This marks a major milestone of the LNG storage tank construction in this project. By accomplishing this task, CTCI gained further experience and established track record in the global LNG engineering business field.

    Located in Guanyin District, Taoyuan, this is the third LNG receiving terminal invested and constructed by CPC. The scope of work includes two 160,000 m3, above-ground full containment LNG tanks with double domed roof. After forming a complete airtight space within the domed roof and the pre-stressed concrete outer wall, air is infused to create additional air pressure inside. The air pressure difference then helps raise the roof, which is 78.2 meters in diameter and weighs more than 1,000 tons, to a height of 30 meters. To avoid collision between the tank roof structure and the PC outer wall, the position tolerance and tank roof leveling must be strictly controlled (with a tolerated margin of only a few centimeters). Thanks to the rich experience, solid technology and collaboration of the project team, this arduous task was successfully completed.

    The successful raising of the LNG tank roof allows the project to enter the next stage of implementation. By the time the terminal is commissioned and started-up in early 2023, the first storage tank will become in operation, helping stabilize domestic energy supply.

  • 2021/03
    Taiwan: CTCI Signs Umbrella Service Contract with BASF for Chemical Projects
    Engineering, procurement, and construction (EPC) contractor CTCI announced today that it has signed a five-year Engineering Partner Umbrella Service Contract (USC) with BASF, a major foreign investor in the region’s chemical industry, to collaborate on chemical and petrochemical projects in the Greater China region.

    Based on the agreement, CTCI will be considered as an EPsCm services contractor candidate for BASF’s chemical and petrochemical plants in Greater China.

    The agreement is a recognition of CTCI’s engineering, procurement services, and construction management (EPsCm) expertise in the hydrocarbon and petrochemical business, paving the way for CTCI’s business expansion.

    The contract signing ceremony took place today in Beijing. The agreement was signed by CTCI Beijing, its parent company CTCI Corporation, and BASF (China) Co., Ltd.

    CTCI has been providing EPsCm service to BASF since 2002. Now that it has been competitively selected as a BASF engineering partner in Greater China, it commits to leverage the Group’s global resources and CTCI Beijing’s localized support to provide BASF with optimal services.

  • 2021/02
    Thailand: CTCI/Saipem Reaches Milestone of Raising LNG Tank Roof in Thailand's Largest Liquefied Natural Gas (LNG) Receiving Terminal

    CTCI is pleased to announce that the PTTLNG Nong Fab LNG Terminal project in Thailand, which it contracted jointly with Saipem, has recently completed the tank roof raising for two gigantic liquefied natural gas (LNG) tanks on Jan. 23 and Feb. 6, 2021, respectively. The tank roof raising marks a major milestone of the LNG storage tank construction in this project. By accomplishing this task, CTCI gained further experience and established track record in the global LNG engineering business field, proving its technical capabilities.

    Located in the industrial zone of Rayong Province, Thailand, Nong Fab is the second LNG receiving terminal invested and constructed locally by PTTLNG Company Limited, a subsidiary of PTT Group, Thailand's leading energy firm.

    Kicked off on July 1, 2018, the project includes engineering, procurement, construction and commissioning of two 250,000m3 LNG storage tanks (the largest capacity per single LNG storage tank in Thailand), a gasification facility of 7.5 million tons of LNG per year, a 6-kilometer trestle unloading facility (the world’s longest trestle in the LNG field), and an eco-friendly administrative building.

    “Air raising” technique was used to lift the LNG storage tank roofs. Air was injected into the closed space formed by the dome-shaped tank roof and the pre-stressed concrete (PC) outer wall to create additional air pressure between the interior and exterior of the roof, so as to lift it from the ground to the design elevation.

    It had been a huge challenge to raise the tank roof with a diameter of 90 meters and weighing more than 1,000 tons to a height of 48 meters (about 16 floors). To avoid the collision of tank roof structure with the PC outer wall, the position tolerance and tank roof leveling must be strictly controlled (only a few centimeters are allowed). Thanks to the rich experience, solid technology and collaboration of the project team, this arduous task was successfully completed.

    The successful raising of LNG tank roof allowed the project to enter the next stage of implementation. By the time the terminal is commissioned and started-up in 2022, the LNG receiving terminal is able to provide 7.5 million tons of LNG regasification each year, ensuring stable energy supply for Thailand.